To keep transfers reliable, IntelligentInvesting processes contributions once a week, on Mondays. This schedule is fixed and can’t be changed at this time.
All of your recurring contributions and boosts are combined into a single weekly transfer. While contributions are initiated on Mondays, it may take a few days for the funds to be withdrawn from your bank account and appear in your investment account.
What to expect
Contributions are initiated on Mondays
Your bank account is typically debited between Tuesday and Thursday, depending on your financial institution
Your investment account balance is usually updated by Friday
By batching transfers this way, money is withdrawn from your bank account only 4 to 6 times per month, depending on how many Mondays are in the month.
Why we use a fixed schedule
Fewer bank fees: Many Canadian banks limit monthly transactions and charge per transaction beyond that limit. Weekly batching helps keep costs down.
Reliability: Processing transfers on a consistent schedule reduces delays and errors and keeps systems in sync.
Fees
Our fee is $20 per month, plus applicable provincial taxes.
This fee appears as a separate transaction on your bank statement and is not combined with your investment contributions.
If you have questions about whether your bank charges fees for linked accounts or transfers, we recommend contacting your financial institution directly for details.